KUALA LUMPUR: Bursa Malaysia opened with renewed enthusiasm after the Chinese New Year break as fears over the disruptive impact of AI on the tech sector dissipated and investors looked ahead to earnings results scheduled over the remainder of the month.
The FBM KLCI rose 6.82 points to 1,748.08 at the starting bell, on the heels of Wall Street's positive performance following the release of Federal Reserve minutes that showed the committee was split on the interest rate.
"The minutes indicated policymakers remain divided on the rate outlook, with scope for further cuts if inflation eases but overall caution persisting amid lingering inflation uncertainty," said Apex Research in its review.
The research firm addd that technology stocks have stabilised following recent volatility, although investors remain watchful over the longer-term earnings impact of AI investments, while uncertainty surrounding US tariff cost burdens continues to cloud the policy outlook.
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